All Simon Lowth articles – Page 2

  • btw318-tt-jansen-openreach-stake
    Strategy & Change

    Jansen floats potential for Openreach stake sale

    2020-11-19T16:56:00Z

    “Open-minded” Jansen may see an Openreach stake sale as a way to relieve pressure on investor demands for a quicker transformation. While CEO’s tone more positive on an asset sale, the challenges of extricating elements of the Group for a sell-off may limit options.

  • Q2 FY20–21: Jansen requests patience for transformation
    Financial & Performance

    BT Group Q2 FY20–21

    2020-11-01T09:19:00Z

    Revenue and profit keep falling in pandemic. COVID-19 creates noise and uncertainty, but BT is pushing its transformation story, asking for patience as stakeholders get twitchy. Openreach a lone bright spot, although Global may be benefitting from long-term recovery strategy. An improved earnings forecast at BT is not expected ...

  • Spend: opex coming down, capex still building to peak
    Financial & Performance

    BT spend: opex coming down, capex still building to peak

    2020-11-01T09:18:00Z

    Simplified systems are bringing efficiency but lower trading giving an unwanted helping hand. Capex rising, but a sharp decline is anticipated with copper switch-off.

  • btw317-3-ebitda-recovery
    Financial & Performance

    BT guidance: EBITDA recovery on horizon, sales rise fainter

    2020-11-01T09:18:00Z

    Two more years of revenue decline ahead, but EBITDA improving and underpinning investment plans.

  • btw317-tt-mbnl-lowth-tower-monetisation
    Network & Infrastructure

    Lowth downplays tower monetisation benefits

    2020-10-30T15:21:00Z

    BT is continuing to buck the trend of creating TowerCos as it continues to value control over infrastructure assets.

  • BT ends inflation‑only price hikes to fund fibre
    Consumer (B2C)

    BT ends inflation-only price hikes to fund fibre

    2020-10-08T10:30:00Z

    CPI + 3.9% set as new price rise formula across BT’s consumer products. Covering increased infrastructure investment is the party line, but move is an awkward reversal of recent commitment to inflation-only increases. Liberty Global’s CEO Fries describes the switch as a “whoops” moment for the rival to his ...

  • Openreach fine as is — Lowth
    Strategy & Change

    Openreach fine as is — Lowth

    2020-10-08T10:28:00Z

    BT CFO maintains Openreach contribution to the Group is undervalued, but that greater clarity and continued messaging on the progress of the fibre rollout could change perceptions. With all physical network assets tied to the BT pension and Openreach now effectively a services business, any attempt to bring in ...

  • btw316-tt-talktalk-openreach
    Public Affairs

    TalkTalk takes pot shot at Openreach FTTP pricing

    2020-10-05T12:46:00Z

    CEO calls for longer-term, discounted full-fibre wholesale deals. Harrison claims BT’s alleged fears of breaching UK competition rules is “red herring”, while incumbent maintains it needs to appease all stakeholders.

  • Q1 FY20–21: Jansen rallies troops for collective effort
    Financial & Performance

    BT Group Q1 FY20–21

    2020-09-01T15:16:00Z

    First full COVID-19 quarter sees a sharp decline in revenue and EBITDA. Outflow of cash as network investment continues. Group CEO Jansen claims mists are clearing, enabling Group to issue guidance for the year — although BT anticipates little improvement until 2021. Openreach progress is the main positive for ...

  • btw#315-toolkit-sme-scheme
    Strategy & Change

    BT steps up SME defence as it awaits insolvency tsunami

    2020-08-04T07:56:00Z

    BT Enterprise’s Q1 FY20–21 performance shows a business briefly hollowed out, and anticipating further blows as it begins its recovery. Small Business Support Scheme is promoting ultrafast vouchers, bursaries and training in the hope of softening the impact of the pandemic recession. DCMS-backed scheme once again shows BT ready ...

  • btw#314-shopping-trolley
    Suppliers & SCM

    Digital Procurement Garage: BT gets new canary for supply chain risks

    2020-07-02T10:35:00Z

    Macro risk consultancy PRISM joins BT’s fledgling Digital Procurement Garage. Another symbol of how global trade tensions and COVID-19 have given telcos major supply chain resilience jitters. First non-UK member.

  • btw313-1-o2-banking
    Financial & Performance

    BT FY19–20: Jansen leading through the gloom

    2020-06-12T14:35:00Z

    Managed services revenue slumps at Global, while mobile fails to prove itself a panacea across corporate divisions. Guidance for the year largely achieved, but post-COVID-19 uncertainty prompts Group to hold off on future forecasts. Transformation ambitions uprated on internal IT overhaul and redoubled commitment to invest in next-generation networks, ...

  • btw313-tt-q4-fy1920-results-first-take-b
    Financial & Performance

    BT Q4/FY19–20 results first-take: Fixed and 5G leadership at all cost

    2020-05-07T17:17:00Z

    Refusing to relinquish fixed-line or mobile leadership; not alarmed by O2-Virgin Media combination. Q4 and FY19–20 performance largely ignored (was on track). Cautiously positive on weathering COVID-19 crisis, but great uncertainty. Capex rising to fund uprated fibre ambition and Technology-led transformation — carts before horses? Yet more cost-cutting (or ...

  • Btw311-wv-18-bt-senior-leadership
    People

    BT reviews senior leadership pay

    2020-04-21T08:59:00Z

    A change in remuneration policy currently under review, potentially restricting pension allowances.

  • Btw309-01-wv-lowth
    Financial & Performance

    Simon Lowth buys 425,000 BT shares

    2020-02-04T10:17:00Z

    BT CFO Simon Lowth and Mary Lowth purchased shares in BT Group to bring his total shareholding to 165% of salary.

  • BT's H1 FY19–20: Jansen warns this might sting a little…
    Financial & Performance

    BT’s H1 FY19–20: Jansen warns this might sting a little…

    2019-12-23T17:38:00Z

    In-line performance, and commitments to keep building transformational momentum, but medicine may have short-term side effects. Fibre acceleration revving up, but uncertainty, both political and regulatory, acting as a brake. Lowth committed to prudence, but open to upping investment. Consumer getting more combative, Enterprise hoping to ride the waves ...

  • Speed of light
    Financial & Performance

    BT Group’s FY19–20 guidance: going down, but preparing to go up

    2019-07-18T00:00:00Z

    BT’s plans to accelerate transformation, and push ahead with fibre rollout while improving customer experience, expected to impact its guidance for the 2019-20 financial year. Adjusted revenue expected to record a 2% drop for the year, with regulatory pressure and more competitive markets cited as key causes, alongside ...